Dairy major Hatsun Agro Industries expects a 15% rise in revenues this fiscal year, supported by the launch of protein-based products and recent tax reductions on dairy items.
Asia’s third-largest economy recently slashed consumption taxes on several household goods, including butter, marking the biggest tax overhaul in eight years. Hatsun Agro Chairman R.G. Chandramogan said the cuts were “good for the industry,” though he cautioned that opening India’s dairy sector to foreign corporations could hurt farmers and the rural economy.
The company, which sells milk, curd, and ice cream under its flagship brands, plans to introduce protein-rich offerings by March, tapping into rising consumer demand for health-focused products. Rivals such as Amul and Milky Mist have already rolled out protein-enriched lines.
Hatsun Agro reported revenues of ₹8,700 crore (USD 980 million) in FY25, up 9% year-on-year. Looking ahead, the company plans to expand its HAP Daily retail network—currently at over 4,000 outlets—by 10% annually for the next three years.
It also aims to double exports in four years, targeting ₹200 crore by strengthening its presence in overseas markets like Oman and Seychelles, while exploring new territories.